26 September 2016, India :
Online wallet and ecommerce company Paytm has acqui-hired EduKart after the education technology startup could not expand or raise funds.
Paytm is India’s largest mobile commerce platform. Paytm started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile apps. We have over 100mn registered users. In a short span of time Paytm has scaled to more than 60 Million orders per month.Paytm is the consumer brand of India’s leading mobile internet company One97 Communications.
EduKart is India’s leading education marketplace, offering education seekers a platform to choose and enrol from 2500+ courses in degree, diploma, certifications, entrance coaching and K12 categories.
The company offers degrees, diploma and certificate courses from universities, institutions and industry bodies. There are some certifications which have been created by EduKart team along with some industry experts and are recognized by industry bodies.
Founded by Ishan Gupta and Mayank Gupta in 2011, the startup aims to bring more flexibility into the Indian education system.
Ishan Gupta, founder and chief executive of Edukart, has joined Paytm as vice-president of business and is looking after Paytm’s seller financing team, while the 50-odd employees of Edukart will handle various responsibilities around seller services, stated Livemint.